Shares of the SKS Microfinance company rose more than 4% on Friday after the company reported a profit of Rs 1.2 crore in Q3-FY13, reversing the trend of seven consecutive quarters of losses caused by the external event of Andhra Pradesh microfinance crisis.

SKS Microfinance Limited sustained growth momentum in non-Andhra Pradesh states with its core interest income in those states increasing by 16% to Rs 79 crore in Q3-FY13 from Rs 68 crore in Q2-FY13 (Rs 82 crore in Q3-FY12).

The Company's loan disbursements rose by 14% from Rs 690 crore in Q2-FY13 to Rs 784 crore in
Q3-FY13 as its non-AP portfolio grew by 9% from Rs 1372 crore in Q2-FY13 to Rs 1496 crore in Q3-FY13. Collection efficiency in 17 non-AP states continues to be robust at 99.8% (99.2% in Q2-FY13).

The growth momentum has been accelerated on account of the increasing supply-side support. Drawdowns have registered a 40% growth from Rs 405 crore in Q2-FY13 to Rs 566 crore in Q3-FY13 as the dedicated organization-wide efforts in implementing a seven-pronged turnaround strategy began registering never-before gains, the company said in the statement.

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